Global Welding Wires Market 2017-2021

Highlights of this global welding wires market research report are:

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Overview of the global welding wires market

Market research analysts at Technavio predict that the global welding wires market will grow steadily at a CAGR of about 4% by 2021. The construction industry largely uses welding consumables such as wires and stick electrodes. Welding the structural steel guarantees the reliability, durability, and safety of steel structures including buildings, such as residential houses, multi-level car parking, schools, and skyscrapers. This market study estimates that the steady growth of the construction industry that is driven by continuous industrialization in the emerging countries across the globe and the economic recovery of developed economies will be one of the major factors that will drive the growth of the welding wires market in the coming years.

Due to the significant demand for innovative technologies, the recent years witnessed the introduction and adoption of new materials for welding purposes that help in reducing the weight of the overall finished products and leads to lesser production cost. Additionally, welding equipment manufacturers are also focusing on the development of specific equipment and advanced processes for specific materials which will help them enhance the overall quality of the final product. According to this market study, the advent of new materials will be one of the major trends that will gain traction in the welding wires market in the coming years.

Competitive landscape and key vendors

The market is characterized by the presence of several international vendors and is moderately fragmented. The competition among the market players will become more aggressive due to the introduction of products with new features and technologies. The small and regional players in the welding wires market will find it increasingly difficult to compete with the international vendors, especially in terms of quality, features, functionalities, and services.

The leading vendors in the market are -

• Colfax (ESAB)
• Hyundai Welding
• Illinois Tool Works (ITW)
• The Lincoln Electric Company

The other prominent vendors in the market include Sandvik (Sandvik Materials Technology), NATIONAL STANDARD (Heico Wire Group), Hobart Brothers Company, Jiangsu ZhongJiang Welding Wire, Saarstahl, Sumitomo Electric Industries, Luvata, Haynes International, LaserStar Technologies, Harris Products Group, BOC (Linde Group), Ador Fontech Limited, Zaimoglu Holding (Magmaweld), The Indian Steel & Wire Products, WeldWire, voestalpine Böhler Welding, IABCO, Gedik Welding, Ceweld Nederland, KEI Industries, Kobe Steel, Daido Steel, D&H Sécheron, Ador Welding, Berkenhoff, NovaTech, ITALFIL , Tianjin Bridge Welding Material Group, and Air Liquide.

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Segmentation by end-user and analysis of the welding wires market

• Automotive
• Construction
• Aerospace and defense
• Shipbuilding

During 2016, the automotive segment accounted for the major shares and dominated this market. Low-interest rates and low fuel prices that will drive the growth prospects for the automotive industry will be the major factor driving the demand for welding wires in this end-user segment. Additionally, the stringent requirements for quality, reliability, and precision that demands the need for incorporating newer technologies in welding processes, will also fuel the growth of the welding wires market in the automotive sector.

Geographical segmentation and analysis of the welding wires market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The economic growth of the region that leads to the growth of the major end-user industries such as automotive, construction, aerospace and defense, electrical equipment, and industrial machinery, will be the major factor driving the growth of the welding wires market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global welding wires market?
• What are the key market trends impacting the growth of the global welding wires market?
• What are the challenges to market growth?
• Who are the key vendors in the global welding wires market?
• What are the market opportunities and threats faced by the vendors in the global welding wires market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global welding wires market?

Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your FREE 14-day trial